To Calculate the NAV, the Market Value of the Portfolio

question 52

Multiple Choice

To calculate the NAV, the market value of the portfolio less liabilities is divided by the ________ to arrive at a per-share basis.

• A) original number of shares
• B) shares currently issued by the fund
• C) maximum shares to be issued
• D) average number of shares in comparable funds

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Definitions:

Autism

A neurodevelopmental disorder characterized by difficulties in social interaction, verbal and non-verbal communication, and repetitive behaviors.

Self-Absorbed

Excessively preoccupied with oneself and one's own needs, often at the expense of others.

Apathy

A lack of interest, enthusiasm, or concern, often manifesting as a symptom in various mental health conditions such as depression.

Mania

A mental condition characterized by periods of great excitement, euphoria, delusions, and overactivity.